- evervault, a Dublin-based Internet infrastructure company, announced it raised $16 million in Series A funding
evervault, a Dublin-based Internet infrastructure company founded by Shane Curran, announced it has raised $16 million in Series A funding led by Index Ventures. Existing investors Sequoia Capital, Kleiner Perkins and Frontline Ventures also participated along with angel investors including Dylan Field (CEO of Figma), Kevin Hartz (co-founder of Eventbrite), Olivier Pomel (CEO of Datadog) and Alex Stamos (Director of Stanford Internet Observatory and former Chief Security Officer at Facebook).
This round of funding brings the total raised by the company to more than $19 million. Curran had actually raised over $3 million in seed funding last year when he was just 19-years-old.
And evervault is known for building the API for data privacy. The core API functionality is privacy cages — which empower developers to process highly sensitive data in a new and better way which is simple, scalable, and privacy-preserving.
“There are now over 4.5 billion people connected to the internet, but the reality is that none of them have true data privacy. Simply put, if no one builds the data privacy infrastructure for the internet, data privacy will never exist. That’s why we’re building the API for data privacy — starting with the privacy cages functionality,” said evervault founder and CEO Shane Curran. “The past decade has been about ‘solving’ data privacy with regulation. The next decade will be about solving data privacy with technology. Regulation makes data privacy complex; technology makes data privacy simple. With evervault, developers can do more than what GDPR did in 99 Articles — in one line of code.”
With this round of funding, evervault will be able to hire new people on the team. But the singular focus will remain the same, which is empowering developers to solve data privacy with ease.
“Today, data privacy is about trade offs. Users give up personal information in exchange for apps and services that make their life easier, and regulators create rules that restrict data sharing as they attempt to protect consumers. This risks stifling innovation. The genius of evervault is that it requires no trade-offs. Their tools allow developers to build the most innovative products without sacrificing privacy, or requiring regulation in the first place,” explained Ari Helgason of Index Ventures — who led the investment.
